Greek Opposition Leader Tsipras Steps Down After Defeat

Alexis Tsipras at the party headquarters following the general election in Athens.

Photographer: Angelos Tzortzinis/AFP/Bloomberg

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Greece’s ex-Prime Minister Alexis Tsipras, who once riled European leaders and put in danger the country’s participation in the euro area, resigned from his party after its share of the vote in Sunday’s general election fell below the already low May result.

“I have decided to proceed with the election of a new leadership by directly resorting to the procedures in which I will not be a candidate,” Tsipras said.